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Technology Stocks : LSI Corporation
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To: E_K_S who wrote (25623)6/19/2003 9:25:52 AM
From: E_K_S  Read Replies (1) of 25814
 
8:58AM 06/19/2003 LSI Logic upgraded at Lehman (LSI) 7.64: -- Update -- Lehman upgrades to Equal-Weight from Underweight and raises their target to $8 from $6 based on their belief that business may have finally bottomed; firm also cites their expectations for a solid June and Sept, strength in storage and stability in communications and consumer, compelling valuation, and low expectations for a rev decline of 7% for CY03.

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Maybe we now have put in the low and will begin the slow and long awaited upturn. My guess is that LSI could see $30/share as the cycle peaks in early 2005. I will be watching the quality of the earnings and expansion of their free flow cash flow as the company ramps up production.

EKS
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